Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International	206,766	$20.55M	4.1%	—	—	COM	718172109
—	UnitedHealth Group Inc.	93,619	$20.04M	4.0%	—	—	COM	91324p102
MSFT	Microsoft Corp.	160,395	$14.64M	2.9%	—	—	COM	594918104
BK	Bank of New York Mellon Corp	281,029	$14.48M	2.9%	—	—	COM	064058100
PEP	Pepsico Inc.	119,324	$13.02M	2.6%	—	—	COM	713448108
—	Medtronic PLC	161,248	$12.94M	2.6%	—	—	FOR	g5960L103
JNJ	Johnson & Johnson	100,030	$12.82M	2.6%	—	—	COM	478160104
—	DowDuPont Inc.	173,142	$11.03M	2.2%	—	—	COM	26078j100
ELV	Anthem, Inc.	50,159	$11.02M	2.2%	—	—	COM	036752103
—	Mastercard Inc.	59,090	$10.35M	2.1%	—	—	COM	57636q104
—	The Travelers Companies Inc.	73,120	$10.15M	2.0%	—	—	COM	89417e109
BAC	Bank of America Corp	338,347	$10.15M	2.0%	—	—	COM	060505104
KR	Kroger Co.	400,613	$9.591M	1.9%	—	—	COM	501044101
—	Zimmer Biomet Holdings	86,969	$9.483M	1.9%	—	—	COM	98956p102
—	Altria Group Inc.	147,804	$9.211M	1.8%	—	—	COM	02209s103
BP	BP p.l.c.	216,614	$8.782M	1.8%	—	—	FOR	055622104
—	Merck & Co.Inc. New	160,031	$8.717M	1.7%	—	—	COM	58933y105
—	Molson Coors Brewing Co	108,264	$8.156M	1.6%	—	—	COM	60871r209
—	Biogen Inc.	28,225	$7.729M	1.5%	—	—	COM	09062x103
—	Dr. Pepper Snapple Group	65,133	$7.71M	1.5%	—	—	COM	26138e109
—	LyondellBasell Industries N.V.	72,896	$7.704M	1.5%	—	—	FOR	n53745100
—	America Movil ADR	381,719	$7.287M	1.5%	—	—	FOR	02364W105
—	Unilever NV New York Shs	113,753	$6.415M	1.3%	—	—	FOR	904784709
GLW	Corning Inc	225,951	$6.3M	1.3%	—	—	COM	219350105
ABT	Abbott Laboratories	104,135	$6.24M	1.2%	—	—	COM	002824100
—	Valero Energy Corp.	65,576	$6.083M	1.2%	—	—	COM	91913y100
AFL	AFLAC Inc.	138,740	$6.071M	1.2%	—	—	COM	001055102
—	Express Scripts Inc.	84,834	$5.86M	1.2%	—	—	COM	30219g108
AIG	American International Group	106,386	$5.79M	1.2%	—	—	COM	026874784
KO	Coca-Cola Company	132,633	$5.76M	1.2%	—	—	COM	191216100
—	Cerner Corporation	95,805	$5.557M	1.1%	—	—	COM	156782104
WMT	Wal Mart Stores	62,392	$5.551M	1.1%	—	—	COM	931142103
BDX	Becton Dickinson & Co	25,125	$5.445M	1.1%	—	—	COM	075887109
ORCL	Oracle Corp	117,787	$5.389M	1.1%	—	—	COM	68389X105
C	Citigroup Inc.	78,720	$5.314M	1.1%	—	—	COM	172967424
—	Visa, Inc.	44,228	$5.291M	1.1%	—	—	COM	92826c839
HD	Home Depot Inc.	27,926	$4.978M	1.0%	—	—	COM	437076102
BEN	Franklin Resources Inc.	143,473	$4.976M	1.0%	—	—	COM	354613101
BRK/B	Berkshire Hathaway Inc. Class	22,830	$4.554M	0.9%	—	—	COM	084670702
—	Discovery Communications Serie	211,515	$4.533M	0.9%	—	—	COM	25470f104
TELFY	Telefonica S.A. ADR	446,004	$4.402M	0.9%	—	—	FOR	879382208
CVS	CVS Health Corp.	69,614	$4.331M	0.9%	—	—	COM	126650100
BA	Boeing Company	12,566	$4.12M	0.8%	—	—	COM	097023105
DGX	Quest Diagnostics Inc.	40,420	$4.054M	0.8%	—	—	COM	74834L100
—	Comcast Corp Cl A	112,201	$3.834M	0.8%	—	—	COM	20030n101
—	Credit Suisse Group ADR	218,493	$3.668M	0.7%	—	—	FOR	225401108
—	Unum Group	76,484	$3.641M	0.7%	—	—	COM	91529y106
MRSH	Marsh & McLennan Co.	41,237	$3.406M	0.7%	—	—	COM	571748102
PG	Procter & Gamble Co.	41,458	$3.287M	0.7%	—	—	COM	742718109
—	Glaxo SmithKline PLC	83,572	$3.265M	0.7%	—	—	FOR	37733W105
HRB	H & R Block Inc.	127,402	$3.237M	0.6%	—	—	COM	093671105
LOW	Lowes Companies	36,420	$3.196M	0.6%	—	—	COM	548661107
CTSH	Cognizant Technology Solutions	38,373	$3.089M	0.6%	—	—	COM	192446102
CE	Celanese Corp	30,175	$3.024M	0.6%	—	—	COM	150870103
CPF	Central Pacific Financial Co	104,397	$2.971M	0.6%	—	—	COM	154760409
CVX	Chevron Corp.	25,909	$2.955M	0.6%	—	—	COM	166764100
—	Raytheon Company	13,500	$2.914M	0.6%	—	—	COM	755111507
PAYX	Paychex Inc.	45,885	$2.826M	0.6%	—	—	COM	704326107
PFE	Pfizer Inc.	78,280	$2.778M	0.6%	—	—	COM	717081103
UPS	United Parcel Service Inc.	26,196	$2.742M	0.5%	—	—	COM	911312106
—	Twenty-First Century Fox Cl A	72,223	$2.65M	0.5%	—	—	COM	90130a101
—	Diageo PLC ADR	18,124	$2.454M	0.5%	—	—	FOR	25243q205
BTI	British American Tobacco	41,615	$2.401M	0.5%	—	—	FOR	110448107
—	Manitex Intl	200,981	$2.297M	0.5%	—	—	COM	563420108
MCD	McDonalds Corp	14,380	$2.249M	0.5%	—	—	COM	580135101
—	AbbVie, Inc.	22,625	$2.141M	0.4%	—	—	COM	00287y109
—	The Mosaic Company	86,531	$2.101M	0.4%	—	—	COM	61945c103
—	Monster Beverage Corp.	35,300	$2.02M	0.4%	—	—	COM	61174x109
LW	Lamb Weston Holdings	34,372	$2.001M	0.4%	—	—	COM	513272104
VZ	Verizon Communications	41,509	$1.985M	0.4%	—	—	COM	92343V104
—	ConocoPhillips	33,090	$1.962M	0.4%	—	—	COM	20825c104
CSCO	Cisco Sys Inc.	43,078	$1.848M	0.4%	—	—	COM	17275R102
—	Costco Wholesale Corp	9,776	$1.842M	0.4%	—	—	COM	22160k105
MDLZ	Mondelez International, Inc.	41,652	$1.738M	0.3%	—	—	COM	609207105
—	Allergan PLC	10,220	$1.72M	0.3%	—	—	FOR	g0177j108
WAFD	Washington Federal	49,400	$1.709M	0.3%	—	—	COM	938824109
PSX	Phillips 66	17,226	$1.652M	0.3%	—	—	COM	718546104
INTC	Intel Corp.	30,714	$1.6M	0.3%	—	—	COM	458140100
WFC	Wells Fargo & Co.	30,060	$1.575M	0.3%	—	—	COM	949746101
SJM	J.M. Smucker Co.	12,675	$1.572M	0.3%	—	—	COM	832696405
—	Alkermes PLC	26,651	$1.545M	0.3%	—	—	FOR	g01767105
—	Textainer Group Holdings Limit	89,800	$1.522M	0.3%	—	—	FOR	g8766e109
UNP	Union Pacific Corp	11,309	$1.52M	0.3%	—	—	COM	907818108
CAG	ConAgra Foods Inc.	40,950	$1.51M	0.3%	—	—	COM	205887102
WU	Western Union Company	74,933	$1.441M	0.3%	—	—	COM	959802109
—	Weight Watchers Intl. Inc.	21,370	$1.362M	0.3%	—	—	COM	948626106
FDX	Fedex Corp	5,500	$1.321M	0.3%	—	—	COM	31428X106
—	Arcos Dorados Hldgs.	143,185	$1.31M	0.3%	—	—	FOR	g0457f107
AAPL	Apple Computer Inc.	7,755	$1.301M	0.3%	—	—	COM	037833100
—	AT & T, Inc. New	36,342	$1.296M	0.3%	—	—	COM	00206r102
—	General Motors Company	34,949	$1.27M	0.3%	—	—	COM	37045v100
—	Sally Beauty Holdings Inc.	76,409	$1.257M	0.3%	—	—	COM	79546e104
—	Royal Dutch Shell PLC A	18,578	$1.185M	0.2%	—	—	FOR	780259206
ADP	Automatic Data Processing	10,252	$1.163M	0.2%	—	—	COM	053015103
YUM	Yum! Brands, Inc.	13,337	$1.135M	0.2%	—	—	COM	988498101
XOM	Exxon Mobil Corp	15,029	$1.121M	0.2%	—	—	COM	30231G102
NKE	Nike Inc Class B	16,300	$1.083M	0.2%	—	—	COM	654106103
DIS	Walt Disney Holding Co.	9,507	$955K	0.2%	—	—	COM	254687106
—	CenturyLink Inc.	55,000	$904K	0.2%	—	—	COM	156700106
—	Ingersoll Rand Co	10,525	$900K	0.2%	—	—	FOR	g47791101
—	AETNA Inc.	5,308	$897K	0.2%	—	—	COM	00817y108
AXP	American Express Co.	9,393	$876K	0.2%	—	—	COM	025816109
—	Viacom Inc. Class B	27,995	$870K	0.2%	—	—	COM	92553p201
AMGN	Amgen Inc.	5,058	$862K	0.2%	—	—	COM	031162100
KHC	The Kraft Heinz Company	13,530	$843K	0.2%	—	—	COM	500754106
—	Legg Mason Inc.	20,395	$829K	0.2%	—	—	COM	524901105
TPR	Tapestry Inc.	14,945	$786K	0.2%	—	—	COM	876030107
DAL	Delta Airlines - New	13,670	$749K	0.1%	—	—	COM	247361702
SBUX	Starbucks Corp	11,668	$675K	0.1%	—	—	COM	855244109
—	Alphabet, Inc Voting Class	643	$667K	0.1%	—	—	COM	02079k305
GILD	Gilead Sciences Inc.	8,375	$631K	0.1%	—	—	COM	375558103
ALK	Alaska Air Group Inc.	9,965	$617K	0.1%	—	—	COM	011659109
—	ManpowerGroup Inc.	5,350	$616K	0.1%	—	—	COM	56418h100
—	Waddell & Reed Financial	29,283	$592K	0.1%	—	—	COM	930059100
USB	US Bancorp Delaware New	11,660	$589K	0.1%	—	—	COM	902973304
—	Yum China Holdings, Inc.	13,437	$558K	0.1%	—	—	FOR	98850p109
—	FirstService Corp Voting Share	7,410	$542K	0.1%	—	—	FOR	33767e103
CIGI	Colliers International Group	7,160	$497K	0.1%	—	—	FOR	194693107
BMY	Bristol Myers Squibb Co.	7,393	$468K	0.1%	—	—	COM	110122108
LINC	Lincoln Educational	226,653	$451K	0.1%	—	—	COM	533535100
WY	Weyerhaeuser Co.	12,712	$445K	0.1%	—	—	COM	962166104
WM	Waste Management Inc. Del	5,257	$442K	0.1%	—	—	COM	94106L109
—	Alliance One International	16,415	$428K	0.1%	—	—	COM	018772301
—	Ameriprise Financial Inc.	2,818	$417K	0.1%	—	—	COM	03076c106
AGCO	AGCO Corp	5,305	$344K	0.1%	—	—	COM	001084102
HPQ	HP Inc.	14,676	$322K	0.1%	—	—	COM	40434L105
—	Allegion PLC	3,670	$313K	0.1%	—	—	FOR	g0176j109
—	General Electric Co.	22,625	$305K	0.1%	—	—	COM	369604103
BRK/A	Berkshire Hathaway Inc. Class	1	$299K	0.1%	—	—	COM	084670108
GIS	General Mills	6,616	$298K	0.1%	—	—	COM	370334104
—	Dunkin Brands Group, Inc.	4,900	$292K	0.1%	—	—	COM	265504100
—	Compass Minerals Intl.	4,565	$275K	0.1%	—	—	COM	20451n101
—	Apache Corp	7,065	$272K	0.1%	—	—	COM	037411105
—	CDK Global, Inc.	4,240	$269K	0.1%	—	—	COM	12508e101
—	Hewlett Packard Enterprise Co.	15,046	$264K	0.1%	—	—	COM	42824c109
—	Shire PLC	1,705	$255K	0.1%	—	—	FOR	82481r106
—	Laboratory Corp. of America	1,575	$255K	0.1%	—	—	COM	50540r409
GAMI	GAMCO Investors Inc.	9,950	$247K	0.0%	—	—	COM	361438104
—	Interpublic Group	10,538	$243K	0.0%	—	—	COM	460690100
TSM	Taiwan Semiconductor Manufactu	5,487	$240K	0.0%	—	—	FOR	874039100
—	SK Telecom ADR	9,533	$230K	0.0%	—	—	FOR	78440p108
TM	Toyota Motor Corp ADR	1,720	$224K	0.0%	—	—	FOR	892331307
—	Alphabet, Inc Non-Voting Class	215	$222K	0.0%	—	—	COM	02079k107
ADBE	Adobe Systems Inc	957	$207K	0.0%	—	—	COM	00724F101
GVA	Granite Construction Inc.	3,700	$207K	0.0%	—	—	COM	387328107
KELYA	Kelly Services,Inc.	6,928	$201K	0.0%	—	—	COM	488152208
LYG	Lloyds TSB Group	43,000	$160K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$72,000	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$6,000	0.0%	—	—	COM	46489v104
—	Willbros Group, Inc	11,655	$6,000	0.0%	—	—	COM	969203108